FG to auction N800bn bonds Feb 23, yields below 20%
Federal Government auctions N800bn in reopened bonds Feb 23, settlement Feb 25. Three instruments: N400bn at 17.95% (2032), N300bn at 19.89% (2033), N100bn at 19% (2034). Semi-annual interest, bullet repayment. Lower yields reflect easing borrowing costs and investor demand. Minimum subscription N50m. Bonds listed on NSE and FMDQ for liquidity. Settlement Feb 25.